West Kelowna Takes Stock of Assets - InfoNews

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West Kelowna Takes Stock of Assets

May 02, 2013 - 10:59 AM

The District of West Kelowna will create its first Integrated Asset Management Plan, thanks to a grant through the Government of Canada’s Gas Tax Fund.

The plan will be used to confirm the District of West Kelowna’s inventory of infrastructure and put an updated price tag on present value, ongoing operating and maintenance expenses and the eventual costs of upgrading or replacing facilities as they age.

Mayor Doug Findlater stated, “The District of West Kelowna has been going full steam ahead, upgrading its infrastructure since incorporation in December 2007. As we continue to move forward with important capital projects we must also ensure we are keeping close tabs on what the infrastructure is worth today and planning what it will cost to run and keep it in good shape for decades to come.”

The District of West Kelowna’s tangible capital assets were valued at $341.8 million in the 2011 Audited Financial Statements. The municipality owns and maintains: more than 120 parks and trails; in excess of 200 kilometres of roads; 223 kilometres of sewer pipes and 28 lift stations; a 276-kilometre drinking water distribution network, with a state-of-the art treatment plant, 14 pump houses and several dams, gates and reservoirs; and, 15 buildings including two arenas, indoor aquatic centre, RCMP detachment and Municipal Hall.

“Utilities, roads, buildings and parks are important to the quality and enjoyment of our everyday lives and we must plan carefully to make sure all these assets are in good working order for the long haul,” said Findlater.

The cost of creating the asset management plan is estimated at $140,430. The Government of Canada will provide full funding for the plan under the Gas Tax Fund’s Integrated Community Sustainability Planning Program.

News from © iNFOnews, 2013

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